Commission on Filipinos Overseas (CFO) develops biz guide for OFW

Saturday, February 09, 2008
CFO develops biz guide for OFW

THE Commission on Filipinos Overseas (CFO) has developed a compilation called the Investment and Business Guide for Overseas Filipinos, a basic guidebook containing a broad spectrum of business and investment options in the Philippines.

The guidebook, CFO said, was developed to encourage Filipinos, particularly those reacquiring citizenship who have accumulated considerable savings to seriously look into prospect of investing in the country.

The Commission has identified major investment areas that are highly gaining ground in the Philippines such as the development of tourism and leisure facilities, investing in franchise, establishment of pre-schools and independent learning institutions.

Also included are options in highly competitive industries such as export and agribusiness, oil industry, asset and property management, and the operation of banks and other lending institutions.

To help businessmen and potential investors who would choose to invest in areas outside highly urbanized cities, information to help assess the competitiveness of Philippine cities in terms of their abilities are also provided in the compilation. The compilation is in a CD format.

It also contains the fundamentals of doing business in the country such as the basic requirement and standard procedure for the establishment of a corporation, partnership or cooperative, and guides prospective investors in the application for licenses, registration, and accreditation of specific business entities.

source : http://www.sunstar.com.ph
related link : Commision on Filipino Overseas